Nordea Investment Management AB Grows Position in Teradyne, Inc. (NASDAQ:TER)

Nordea Investment Management AB increased its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,522,492 shares of the company's stock after acquiring an additional 63,218 shares during the period. Nordea Investment Management AB owned about 0.93% of Teradyne worth $194,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Alkeon Capital Management LLC lifted its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after purchasing an additional 749,003 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Teradyne in the third quarter valued at about $91,129,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock worth $325,814,000 after buying an additional 374,522 shares in the last quarter. State Street Corp lifted its stake in shares of Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after buying an additional 350,002 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company's stock valued at $99,404,000 after acquiring an additional 307,724 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TER. JPMorgan Chase & Co. raised shares of Teradyne from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus cut their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

Teradyne Price Performance

Shares of TER traded down $1.18 during midday trading on Tuesday, reaching $138.82. The stock had a trading volume of 3,228,197 shares, compared to its average volume of 2,751,024. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 44.07, a PEG ratio of 2.66 and a beta of 1.46. The company's fifty day simple moving average is $116.79 and its two-hundred day simple moving average is $127.64. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its board has initiated a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company's stock, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.